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Pine Labs, Aye Finance, PayU, Avanse Financial Services andInnoviti, are among the prominent firms lined up for IPOs

What challenges do Indian FinTechs face when transitioning to public markets? With already very few of such entities listed, MobiKwik’s Co-founder & CFO, Upasana Taku, shares lessons from her IPO journey, emphasising the importance of investor confidence, regulatory navigation, profitability, and streamlined processes with insights on when to go public.

The initiative, which is a collaboration with Reserve Bank Innovation Hub and S.P. Jain Institute of Management and Research aims to empower fintech startups to tackle critical challenges, scale innovations, and enhance financial inclusion in India.

UPI has 450 million users, with approximately 200 million active daily users, according to the Managing Director and CEO of the National Payments Corporation of India (NPCI). He highlighted that UPI has evolved into a crucial infrastructure layer, widely adopted by fintech companies, and currently processes around 17 billion transactions.

As we step into 2025, the fintech landscape in India is undergoing a profound transformation driven by the integration of Artificial Intelligence (AI) and Machine Learning (ML). These technologies are not just enhancing operational efficiencies but are fundamentally reshaping decision-making processes across various fintech applications.

Through its partnership with Piramal Finance, MobiKwik users across India will now have the ability to apply for and easily access personal loans through the platform. The loan amounts for ZIP EMI will range from Rs 50,000 to 2 lakh. ZIP EMI is a personal loan service provided by the fintech firm.

Amazon is set to acquire Indian BNPL startup Axio, formerly Capital Float, pending regulatory approval. With a six-year partnership and over 10 million customers served, the Bengaluru-based FinTech has raised USD 232 million to date, as per tracxn.

Nithin Kamath, Zerodha co-founder, warns users of a new scam that drains bank accounts. Scammers use emergency call requests on strangers’ phones to intercept OTPs, download bank details, and make unauthorized transactions. To stay safe, do not hand over your phone to strangers. Offer to dial the number yourself and put the call on speaker.

NPCI International has partnered with Magnati to expand UPI acceptance in the UAE. This collaboration allows over 12 million Indians traveling to Dubai and the UAE each year to access seamless payment options.

The draft Digital Private Data Protection (DPDP) rules are set to create a major compliance burden for tech startups, already reeling under a funding winter and narrowing business margins. Industry executives pointed out that a window of 48 hours for any platform to erase an inactive customer’s data is too short a duration and might …

Fintechs see a minefield of costs, regulatory issues as DPDP looms Read More »